Skip to main content

Commodities, Europe's Winter Storm and NIKE Inc. (NYSE: NKE) Hint to 2011 Market Trends

Stocks rose last week with all the excitement of water turning to ice in the freezer. I kept hitting the side of my monitor to see if the pixels were stuck -- but no, it was just another one of those low-volume, low-drama late-December sessions that we have come to know and love. The Dow Jones Industrial Average rose 0.12%, the Standard & Poor's 500 Index fell 0.16%, the Nasdaq Composite Index fell 0.08% and the Russell 2000 small caps fell 0.2%. Overseas developed and emerging markets were exactly the same. The liveliest U.S. sector was health care and basic materials, up 0.2%, while financials and industrials lagged, down 0.4%. Breadth slightly favored decliners over advancers by a 3-2 margin, and the number of new highs was way down at 394 -- yet so was the number of new lows, at 34. Gold fell by 0.4%, crude oil jumped out to a new two-year high by 1.1%, to $91.51, and the grains jumped to a new one-year high as well, led by corn. To see what commodities and other sectors are hinting at for 2011, read on...
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.